Delegation of Zarubezhneft JSC took has taken part in the Saint-Petersburg Economic Forum

According to the established annual tradition, delegation of Zarubezhneft JSC has taken part in the activities of the Saint-Petersburg International Economic Forum which is being held in Saint-Petersburg on June 6-8, 2019.
Zarubezhneft JSC and a number of companies have signed significant cooperation documents on the sidelines of the forum. So, the company has signed heads of agreements on cooperation with the Energy corporation in the framework of joint operations in the Yamal-Nenets Autonomous Area, Agreement of intentions with the Trust bank, Agreement of cooperation with Rosgeologia JSC as wells as Agreement on cooperation with the Federal Supervisory Natural Resources Management Service (Rosprirodnadzor). All documents are aimed at further development of Zarubezhneft JSC and maximum improvement of the Company’s efficiency.

One of the prominent covenants was the signing of the Agreement of intentions to establish a joint venture between Zarubezhneft JSC and Gazprom Neft PJSC for the purpose of prospecting, exploration and production of hard-to-recover oil reserves including unconventional hydrocarbons. The purpose of this document is the establishment of a joint venture on the basis of “Salymskiy-3” and “Salymskiy-5” license areas intended for oil prospecting, exploration and production.
Also, in the framework of the forum Zarubezhneft JSC, NOVATEK PSJC, Total Gas & Power Business Services S.A.S and Siemens Aktiengesellschaft have signed a Memorandum of understanding contemplating the development of a project for power generation using liquefied natural gas (LNG) in Vietnam.

The head of Zarubezhneft JSC Sergey Kudryashov has additionally taken part in the activities of the Second Russian-Chinese Energy Business Forum which was held under coordination of the Presidential commission for the fuel and energy complex and environmental safety development strategy as well as the Chinese State Energy Management Department with participation of the President of the Russian Federation Vladimir Putin.

For reference:
Zarubezhneft JSC is a Russian oil and gas company of strategic importance having rich history and unique 50-years of experience of external economic activities. The projects include operation offshore Vietnam in the framework of the joint venture “Vietsovpetro”, fields development in the Nenets Autonomous Area in the framework of the joint company “RUSVIETPETRO” and Kharyaga field PSA, application of technologies for the development of Cuban fields and downstream activities in the Republic of Srpska (Bosnia and Herzegovina).
Zarubezhneft JSC regularly participates in the activities of the Saint-Petersburg International Economic Forum being an active participant of the events presented in the program. Leaders of economically powerful countries, top management of the companies and other stakeholders meet on the fields of the Forum to identify and discuss the key economic issues. Since 2006 the forum is held under patronage of the President of the Russian Federation.